World's Largest Exporter Of Oil, Buys Solar

Saudi Arabia announced a $109 billion plan to create
. . . "It's really a preservation decision using solar for domestic consumption and
. . . keeping your oil for more lucrative export markets,"
. . . said Vahid Fotuhi, Middle East director of BP Solar.

The country has more sun than oil, which means the desert nation
. . . could become the world's top exporter of power, just as it is the leader in oil.
Oil has good yields and the cost of production is low,
. . . but it is not a renewable source of energy.

$100 billion spending drive, aimed at meeting the expected jump in demand and
. . . curbing dependence on crude, government officials said

Source: geni fastcompany  newworldsolar  greenprophet  bloomberg